Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The World Bank warns Bulgaria of possible slowdown in its economic growth

Photo: BGNES

A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups. 

According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Weather forecast for June 14: Daytime temperatures expected to decrease slightly

On Saturday, the lowest temperatures will range from 10°C to 17°C, for Sofia 10°C . It will be mostly sunny during the day. There will be considerable cloudiness over Eastern Bulgaria, and in the afternoon there will be scattered short-term rain..

published on 6/13/25 6:35 PM
Transport Minister Grozdan Karadjov

Bulgaria to buy 20 passenger trains running on biodiesel

The Ministry of Transport is planning to buy 20 passenger trains running on biodiesel. They will meet dual-mode requirements as they can also run on ordinary diesel, Deputy PM and Minister of Transport and Communication Grozdan Karadjov told..

published on 6/13/25 6:28 PM
Rosen Zhelyazkov (L) and Christian Stocker

PM Zhelyazkov: The military conflict between Israel and Iran is a threat to the security of the entire region

“The military conflict between Israel and Iran is a threat to the security of the entire region,” said PM Rosen Zhelyazkov and expressed the hope that there will be no wider-scale clash. “Because that would mean a truly serious war in the Middle..

published on 6/13/25 5:28 PM